Business Loans for South African Businesses

Get an unsecured loan of up to R5 million from a trusted lender with fast approval—funds available in as little as 24 hours.

No Collateral needed
simple Online Application
fast approvals & Payouts
Get Started
Happy African businessman receiving good news on the phone.

Do you qualify?

We make unsecured business funding simpler than traditional banks by keeping our requirements simple—so you can focus on growth, not red tape.

Registered Business

Your company must be CIPC registered and have been trading for at least 12 months.

Bank Statements

You must be able to provide a 6-month transaction history from your business bank account.

Minimum Turnover

Your business needs to be making R50,000 or more in average monthly revenue.

Apply for a Loan

Get your offer for an unsecured business loan now.

How much is a business loan?

Interest rates vary based on the specifics of your business, the loan amount and the loan period (min 3 months – max 12 months).

Your personalised loan offer will clearly outline the interest rate, repayment amounts, payment schedule and any other loan terms.

Illustrative Example

Loan Amount

R100,000

Loan Term

3 months

Interest Amount

R8 500

Total Repayment

R108,500

3x Monthly Repayments = R 36,167

Fees

There are no upfront fees to pay.

Early Settlements

No early-settlement penalties apply.

Collections

Daily, weekly or monthly debit order collections.

Renewals

Loan renewals are possible at the lenders discretion.

Why Get A Loan With Prospa?

At Prospa, we carefully vet and select only the most reputable lenders, ensuring you get the best value and service tailored to your business’s unique needs. Our simple online application process allows you to apply for loans quickly, and our lenders offer faster approval times and fewer restrictions than traditional banks.


We believe in transparency, which is why we only work with lenders who provide detailed information on all loan terms. By working with a select group of trusted lenders and following up with our clients to ensure fair treatment, Prospa is committed to offering a seamless and supportive loan experience.

SME Business owner in front of his flower shop

What Our Clients Say

  • “I needed cash for my business, and they helped me quick. I got the cash the next day and it helped me buy new stock for my shop after a break-in.”
    Sipho N.
    Johannesburg
  • “The bank did not want to help me, but Danny from Prospa got me money fast. With the loan, I could fix my machines. Now my business is running better.”
    Thamsanqa M.
    Durban
  • “Thanks to the quick payout, I resolved my cash flow issues in no time. I highly recommend this service to any business owner.”
    Chantelle P.
    Cape Town
  • “No complicated forms or waiting weeks. I had the money I needed to expand my business in just a few days. Thank you Danny!”
    Johan D.
    Port Elizabeth

Questions?

Our unsecured loans are designed to be faster and more flexible than traditional bank loans. While bank loans often require lengthy application processes and extensive paperwork, our loan applications are very simple and can be approved and paid out in as little as 24 hours, helping your business access the funds it needs quickly.

Our alternative lenders assess multiple factors, including your business’s financial health and your credit score. If other aspects of your application are strong, our lenders often approve loans despite a less-than-perfect credit history.

Our loans are designed only for established businesses that have been trading for at least 6 months and can meet our other loan requirements.

In the case of late payments (unsuccessful debit orders) our lenders may charge you a late payment fee. In the case of non-payments (a continued failure to pay) our lenders will hand over your account to their attorneys for collection.

Educational Resources